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Thread: Usd/hkd analysis

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    Default Usd/hkd analysis

    Looking at the USD/HKD pair for 30 minutes, it is noticeable that it is gaining some pips at the price 7.8380 level Should there be a continuous appreciation in the price, the next resistance level will be 7.8410 the next support level at 7.8370.

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    Over-trading, trading in high spread-consuming pairs, using high lot size in trading are some common mistakes done by traders. FXOpulence never delays in sending withdrawn money into account.

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    Risk management in forex involves setting stop-loss orders to limit potential losses, diversifying positions across different currency pairs, using proper position sizing to manage leverage, and avoiding overtrading. Traders should also maintain a risk-reward ratio to ensure potential profits outweigh potential losses in their trading strategy. LQDFX broker provides 1:1000 leverage, flexible margin level, and low trading spread that help me follow better risk management in my trading.

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